The power of supply and demand ruled in February as low inventory bumped up the sales price of existing homes in Washoe County.

Written by

Yun Long, ylong@rgj.com

The power of supply and demand ruled in February as low inventory bumped up the sales price of existing homes in Washoe County.

"As inventory continues to be scarce, we are experiencing month-over-month increases in median sales prices," said Helen Graham, president of the Realtors association and agent with Keller Williams Group One. "This scarcity is also creating a high demand for homes causing the ...